First Republic team managing $1 billion joins RBC

Three advisors in Newport Beach, California, who had overseen about $1 billion in client assets at First Republic Bank are affiliating with RBC Wealth Management, in the latest attrition in First Republic’s ranks.

Todd Halbrook, Adam MacDonald and Vince Lovoy will operate as the Todd Halbrook and Adam MacDonald Wealth Management Group. They are joined in the move by staffers Christie Gregg and Parker Howard.

All three advisors had been affiliated with First Republic since 2018. Halbrook has 27 years of experience, according to his BrokerCheck report, and had done stints at Wells Fargo and Citigroup before joining First Republic. MacDonald, with 16 years of experience, had also worked at Wells Fargo before joining First Republic. Lovoy, with 39 years of experience, has worked at Wells Fargo, Citigroup, Lehman Brothers, Kidder Peabody and Crowell Weedon.

First Republic has seen a few teams exit since the collapse of Silicon Valley Bank cast a shadow over other West Coast and regional banks, including First Republic.

San Francisco-based Marchetti Porter Wealth Partners, with a reported $1 billion in AUM, joined Rockefeller Family Global Office. Vikshal Bakshi, with $1.5 billion in assets, joined Morgan Stanley, as did a team of New York City-based financial advisors led by Adam Zipper and Joseph Duarte, with $10.8 billion in total client assets.

Related Topics: First Republic, RBC Wealth Management, Wells Fargo & Co.